Insider Trends: 90-Day Insider Selling Trend Prolonged at Smartsheet
07:56 PM EST, 02/05/2021 (MT Newswires) -- On Feb 04, 2021, Director and President & CEO, Mark Patrick Mader, executed a sale of 40,000 shares in Smartsheet (SMAR) for $2,892,365. Mader has control over 496,517 shares of the company of which 430,267 shares are controlled directly and 66,250 shares indirectly subsequent to the transactions detailed in the SEC Form 4 filing. These holdings have an approximate market value of $36.2 million as of the prior-day closing price.
During the most recent 90-day period, prior to the date of this filing, there have been 54 insider transactions reported to the SEC for Smartsheet. These transactions came from the activities of 13 different insiders that resulted in a net disposition of 1,391,741 company shares. In the preceding 90-day window of time, there were 61 transactions from 11 insiders that resulted in the net disposition of 630,881 shares.
This is less than the average level of insider transactions in the 71-company Enterprise Software peer group over the last 90-day period. Within the peer group activity averaged 179.8 transactions per company, and disposition of 81,878 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1366561/000120092521000006/xslF345X03/wf-form4_161257286387153.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.